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200704249 same upon unpaid interest, principal, taxes or insurance premium:3 or for maintenance and preservation of the premises. I. The waiver by TRUSTEE or BENEFICIARY of any default of TRUSTOR under this Deed of Trust, on one occasion, shall not be or b(~ deemed to be a waiver of any other or similar defaults subsequently occurring. J. If title to any part of the property herein shall be taken in condemnation proceedings, by right of eminent domain, or similar action, or shall be sold under threat of condemnation, all awards, damages and proceeds are hereby assigned and shall be paid to the BENEFICIARY, who shall apply such payment, or any part thereof, in its sole discretion, to the sum due at that time on this Deed of Trust and Trust Deed Note, with any balance above the amount due hereunder payable to the TRUSTOR. K. The BENEFICIARY, its agents or representatives, are hereby authorized to enter, at any reasonable time, upon any part of the trust property for the purposes of inspecting the same and for the purpose of performing any of the acts it is authorized to perform under the terms of this Deed of Trust and other accompanyinq documents. L. This Deed of Trust and all accompanying documents are subject to, constructed and governed by the laws of the State of Nebraska fo,c all purposes. M. In the event anyone or more of the provisions contained in thi:s Deed of Trust, Trust Deed Note, or any other instrument given in connection with this transaction, shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality, or unenforceability shall, at the option of the BENEFICIARY, not affect any other provisions of this Deed of Trust or Trust Deed Note, but this Deed of Trust and Trust Deed Note shall be construed as if such invalid, illegal or unenforceable provision had never been contained therein, it bein~,r the intention of the parties that the provisions of this Deed of Trust are declared to be severable. N. TRUSTOR hereby waives her right to designate the property subject to this Deed of Trust as a homestead under Neb. Rev. Stat. ~40-101 (Reissue 1993) . O. This Deed of Trust shall personal representatives, hereto. inure to and bind the heirs, devisees, successors and assigns of the partie::; The TRUSTOR requests that a copy of any Notice of Default and of any Notice of Sale hereunder be mailed to her at the address herein set forth, or such other address as she may provide to the TRUSTEE and BENEFICIARY. TRUSTOR acknowledges that as TRUSTOR, she understands that the document she is executing herein is a Deed of Trust and not a mortgage, and that the power of sale provided for in this Deed of Trust provides substantially different right,l and obligations than a mortgage and in an event of default or breach of the obligations set forth herein, the TRUSTEE and the BENEFICIARY may take such action as herein provided, including the exercise of the power of sale. EXECUTED the date first above written. ~~.~ LIND D. STEWART STATE OF NEBRASKA ss: COUNTY OF HALL NOW ON THIS~ay of May, 2007, personally appeared before me, the -4-